MKLAND sold

The notice is to inform that the previous recommendation on MKLAND, to buy in at 0.50 - 0.51, are sold today afternoon at 0.56. The reason of the sell is not because we want only a 9% return on capital in two days, we, of course, want more than that, if possible (at the same time do not let the greed control us). The dramatic rise volume in MKLAND today to become the top 5 volume in KLSE are indicating a very possible bearish engulfing pattern is formed. As a trader, we should not wait until the pattern completed, we must move one-step faster than any enemy. As such, we sell before the bearish engulfing (in western charting, equivalent to inside out day single reversal pattern) completed. Should the pattern reverse and spike up, we are willing to fore-go these profit because, safety first, make money later.

Note: It is not to say we will sell and never touch MKLAND anymore, instead, i am speculating in mind that now it is possible in the formation of the first wave in the rise.